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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Interest income    
Loans, including fees $ 12,364 $ 12,021
Mortgage-backed securities 22 31
Other securities 18 13
Interest-bearing deposits and other 419 635
Total interest income 12,823 12,700
Interest expense    
Deposits 2,405 1,976
Borrowings 1,094 1,276
Total interest expense 3,499 3,252
Net interest income 9,324 9,448
Provision for loan losses 103 11
Net interest income after provision for loan losses 9,221 9,437
Non-interest income    
Earnings on bank-owned life insurance 76 74
Net gains on sales of loans 186 29
Net gain on sales of REO 5 10
Valuation adjustment for REO (36) (66)
Net gains on sales of property 9
Other 168 187
Total non-interest income 399 243
Non-interest expense    
Employee compensation and benefits 5,536 5,796
Occupancy and equipment 568 671
Voice and data communications 151 249
Advertising 170 226
Outside service fees 176 150
Data processing 541 442
Audit and accounting 165 40
Franchise and other taxes 259 255
Foreclosure and REO expense, net 66 102
Goodwill impairment 13,560
Other 711 796
Total non-interest expense 21,903 8,727
(Loss) income before income taxes (12,283) 953
Federal income tax expense    
Current 128
Deferred 136 141
Total federal income tax expense 264 141
NET (LOSS) INCOME $ (12,547) $ 812
(LOSS) EARNINGS PER SHARE Basic and diluted (in Dollars per share) $ (1.52) $ 0.10